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States / Michigan / South Lyon

South Lyon, MI Housing

ACS 2020-2024

Median Home Value
$294,600 ± $18,687
Median Gross Rent
$1,310 ± $64/mo
Homeownership Rate
81.3%
Rent as Share of Income
17.0%
Price-to-Income Ratio
3.2×
Vacancy Rate
3.5%
Median Year Built
1991

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
26
Buildings
12
Single-Family Units
11
Multi-Family Units
15

Nearby Cities in Michigan

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.

South Lyon, MI Housing: Rent & Home Values | HomeDataUSA